Texas Statutes (Last Updated: January 4, 2014) |
TRANSPORTATION CODE |
Title 6. ROADWAYS |
Subtitle G. TURNPIKES AND TOLL PROJECTS |
Chapter 367. MUNICIPAL TOLL BRIDGES OVER RIO GRANDE |
Subchapter A. GENERAL AUTHORITY RELATING TO TOLL BRIDGES |
Sec. 367.008. PLEDGE OF REVENUE
Latest version.
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A municipality may pledge to the payment of bonds issued under this subchapter, including the principal of, interest on, and any other amount required or permitted to be paid in connection with the bonds, all or any part of its revenue, income, or receipts from:
(1) a toll or charge authorized by Section 367.011; or
(2) another resource.
Added by Acts 1999, 76th Leg., ch. 227, Sec. 25, eff. Sept. 1, 1999.